Mid Session Market

The market has lost further grounds on the back of heavy sell off seen across the board. The Capital Goods, Metal and Bank stocks are the major loser till the afternoon trade. Even the BSE Mid Cap and BSE Small Cap are also facing the selling tune. This led to the overall market breadth to remain in negative as 816 stocks are advancing while 1860 stocks are declining and 58 stocks remained unchanged on BSE. The BSE Mid cap is also lower by 200.87 points at 8,425 and the BSE small Cap slipped by 176.82 points to trade at 10,512.54.

At 12.31 pm, BSE Sensex was at 18,890.30 down by 390.50 points whereas Nifty was at 5,660.65 down by 120.25 points.

BSE Capital goods index dropped 632.78 points to 19.716.64. The main losers are L&T (3.07%), ABB (3.01%), Siemens (2.85%) and BHEL (2.68%).

BSE Metal index dropped 476.18 points to trade at 16,834.51. The major losers are Sterlite Industries (2.83%), NALCO (2.67%), Tata Steel (2.21%) and Hindalco Industries (2.07%).

BSE Banks index decreased by 367.18 points to trade at 10,397.35. The major losers are ICICI Bank (4.05%), HDFC Bank (3.56%), PNB (2.55%) and SBI (2.06%) are trading lower.

BSE Oil & Gas index was trading 223.02 points lower at 11,913.56 as GAIL (5.41%), HPCL (4.98%), BPCL (2.27%) and ONGC (1.97%) are trading in deep red.

BSE Power index slipped by 156.12 points to trade at 4,356.90 as Areva (5.79%), Tata Power (4.86%), Suzlon Energy (3.74%) and GVK Power (3.59%) are trading lower.

BSE Auto index declined 97.06 points to trade at 5,242.23. Leading to it down are Maruti Suzuki (3.08%), Mahindra & Mahindra (3.01%), Tata Motors (1.98%) and Bajaj Auto (0.37%).

BSE Health Care index down by 59.04 points to trade at 3,887.11. Leading the loss are Dr. Reddy (2.1%), Ranbaxy (1.93%), Cipla (1.60%) and Sun Pharma (1.36%).

BSE IT index down by 33.52 points to trade at 4,021.12 as Wipro (1.79%), Satyam (1.44%) and Infosys (0.38%) are trading lower.